The telecommunications industry closed the day up 2%. DRI Corporation ( TBUS), XFONE Inc ( XFN), Telestone Technologies Corporation ( TSTC), and eOn Communications Corporation ( EONC) were all decliners today within the telecommunications industry with Leap Wireless International Inc ( LEAP) being today's featured telecommunications loser. Leap Wireless International Inc fell 7 cents (-1.1%) to $6.37 on light volume. Throughout the day, 1.7 million shares of Leap Wireless International Inc exchanged hands as compared to its average daily volume of 2.7 million shares. Leap Wireless International, Inc., together with its subsidiaries, provides digital wireless services under the 'Cricket' brand name in the United States. The company offers unlimited local and the U.S. Leap Wireless International Inc has a market cap of $513.1 million and is part of the technology sector. Shares are down 47.5% year to date as of the close of trading on Monday. TheStreet Ratings rates Leap Wireless International as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally weak debt management and generally disappointing historical performance in the stock itself.
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